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Tuborg to invest another $50 million
Tuborg will invest 50 million dollars (over 41 million euros) next year, to boost the production capacity of its Bucharest plant, so as to reach 2.3 million hectolitres in 2011, double the c...
AIG Fund forks out $20 million for 30% in UTI Group
UTI Group, a producer of IT&C and security solutions, of electrical installations and military systems, and investment fund AIG Investment Fund have reached an agreement regarding the sale o...
Thriving Petrom posts nine-month profits of 389 million euros
Petrom expects to make 10.97bn RON (some 3.07bn euros) in turnover in 2006 and net profit of 1.97bn RON (some 552 million euros), a company release shows. The 2006 indicators were calculated...
$8 million transaction in home care products industry
Cyprus-based Eureka Group has acquired Interstar Chim company, the manufacturer of the Rivex detergents and of the carpet cleaning products Biocarpet, and one of the leading players on the h...
Petrom spends 200 million euros on foreign capital markets
Romania''s largest company, Petrom, which is probably the largest holder of cash in this country, has invested 200 million euros with foreign investment funds, out of the one billion euros i...
Silcotub profit drops to 1.8 million euros
In the first nine months of this year Silcotub Zalau, part of the international group Tenaris, the world''s biggest piping producer, posted net income worth 6.46 million ROL (1.8 million eur...
Copos collects 23 million euros for 0.9% Connex stake
Vice-premier George Copos sold the 0.9% stake he still held in MobiFon, the company that operates the Connex mobile telephony service, to the British Vodafone Group, in exchange for 16 milli...
860 million euros in leasing contracts
The leasing companies that are members of the Association of Leasing Companies of Romania (ASLR) achieved a total volume of contracts of 860.5 million euros in the first nine months of the y...
Transelectrica generates 28 million euros profit ahead of floatation
Transelectrica generates 28 million euros profit ahead of floatation